Fashion
Investors call for greater disclosure in Toyota’s buyout of group company
[TOKYO] Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they said was “opaque” valuation and...
Australian shares notch record closing high as jobless spike fuels rate-cut bets
[SYDNEY] Australian shares rose to a record close on Thursday (Oct 16), driven by strong gains in financials, property and gold stocks after an unexpected spike in unemployment bolstered...
Nestle to axe 16,000 jobs as new CEO targets sales growth
[AMSTERDAM] Nestle will cut 16,000 jobs, new chief executive officer Philipp Navratil said on Thursday (Oct 16), as the world’s largest packaged food company seeks to cut costs and...
Billions wiped off Nio’s market value as shares plunge 9.5% on news of GIC lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue[SINGAPORE] Shares of Nio tumbled 9.5 per cent after Singapore’s...
TSMC Q3 profit blows past market forecast to a record on AI spending boom
[TAIPEI] TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to record levels that handily beat market forecasts...
Karen Chen quits SGX-listed 17Live’s board after US sanction for alleged ties to Cambodian scam empire
[SINGAPORE] An independent director of Singapore-listed 17Live Group has resigned after she was added to a US sanctions list for her alleged links with a Cambodian businessman accused of...
Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt[BANGKOK] Four of Thailand’s largest banks are expected to post sharp declines in...
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape.[NEW YORK] On Wall Street, everyone’s a friendly rival until the losses start.A...
Singapore’s Nets join five other Asean networks for a common payment grid
The participating networks are Singapore’s Nets, Malaysia’s PayNet, Vietnam’s Napas, Philippines’ BancNet, Indonesia’s Artajasa and Rintis[SINGAPORE] Six Asean payment networks on Thursday (Oct 16) have signed a memorandum of...
Indonesia sovereign wealth fund INA to trim exposure to infrastructure
[SINGAPORE] Indonesia Investment Authority, one of the country’s two sovereign wealth funds, is looking to reduce its heavy reliance on infrastructure and diversify to real estate in the medium...
